About Phaze Ventures
Phaze Ventures is a venture capital firm founded in 2018. It is primarily based out of Muscat, Oman. As of Jan 2026, Phaze Ventures is an active investor, having invested in 16 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Oman based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series B round of eMushrif Overall, Phaze Ventures portfolio has seen 1 unicorn and 2 acquisitions, namely Kavak and Cyber Owl. A lot of funds co-invest with Phaze Ventures, with names like Wamda Capital sharing a substantial percentage of its portfolio. Phaze Ventures has team of 13 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Phaze Ventures' List of Top Investments
Phaze Ventures has a portfolio of 16 companies, one of which is a Unicorn. Their most notable investments are in SpotLight and Voyager.Their portfolio spans across United States, Oman, Canada and 4 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 16 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Phaze Ventures:1. Kavak
Online retailer of certified pre-owned vehicles with financing and services. The business provides a platform for buying, selling, and managing pre-owned cars. It offers certified vehicles and aims to formalize the used car market. The company provides after-sales services and financing options to customers.
Key facts about Kavak
- Founded Year: 2016
- Location: Lerma de Villada (Mexico)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.85B
- Employee Count: 12 as on Feb 28, 2026
- Investors: Allen & Company, Goldman Sachs and 32 Others
- Latest Funding Round: Series F, Feb 17, 2026, $*****
- Highlight: Editors' Pick
2. Clarity AI
Provider of AI-powered sustainability data and solutions. It offers tools for sustainability and compliance, covering climate scenario analysis, carbon footprint calculation, ESG risk assessment, and regulatory reporting. The platform integrates into existing workflows via API or web app, providing customizable solutions for various sustainability use cases. Its technology leverages machine learning to analyze extensive data points, ensuring reliable and transparent results. Methodologies are scientifically-based and supported by a team of sustainability and data science experts. The platform offers access to granular data and methodologies, enabling efficient assessment, analysis, and reporting on sustainability performance.
Key facts about Clarity AI
- Founded Year: 2017
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $117M
- Employee Count: 348 as on Mar 31, 2026
- Investors: BlackRock, SoftBank Vision Fund and 19 Others
- Latest Funding Round: Series B, Sep 2025, $*****
- Highlight: Editors' Pick
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3. Tarjama
Provider of language translation, localization, and digital communication solutions. They offer services including content creation, copywriting, and social media management. The company utilizes technology to optimize workflows and enhance accuracy. They deliver language services tailored to specific needs.
Key facts about Tarjama
- Founded Year: 2008
- Location: Dubai (United Arab Emirates)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 339 as on Jul 01, 2024
- Investors: Endeavor, Global Ventures and 6 Others
- Latest Funding Round: Series A, May 20, 2025, $*****
4. Qeen
Developer of AI-powered solutions for e-commerce conversion, revenue, and experience. The company offers plug-and-play products that generate dynamic content with localization. It provides a growth marketing agent for campaign orchestration and a conversational agent to assist customers. The company also offers a merchandizing agent that delivers actionable insights.
Key facts about Qeen
- Founded Year: 2023
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $12.2M
- Investors: Prosus, Wamda Capital and 6 Others
- Latest Funding Round: Seed, Feb 04, 2025, $*****
- Highlight: Editors' Pick
5. Cyber Owl
Provider of advanced security analytics and heuristic methods-based threat detection. It provides a platform which leverages advanced security analytics and heuristic methods to detect anomalous events corresponding to a breach or cyber threat. The product offered by the company is Medulla which is a cyber risk prioritization platform. It also provides a solution to evaluate and manage cyber risk in enterprises.
Key facts about Cyber Owl
- Founded Year: 2016
- Location: Richmond (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $8.8M
- Employee Count: 20 as on Dec 31, 2021
- Investors: Techstars, 24 Haymarket and 13 Others
- Latest Funding Round: Series A, Sep 27, 2022, $*****
- Highlight: Acquired
Phaze Ventures' Year-on-Year Investment Trends
Phaze Ventures has invested in 16 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 3 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Onclarity and most recent follow-on round was in eMushrif.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 3 | 0 | 3 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 1 | 1 | 2 |
2020 | 1 | 1 | 2 |
2019 | 3 | 0 | 3 |
Phaze Ventures' Investments by Stage
Phaze Ventures has made 5 investments in Seed stage with an average round size of $1.8M, 3 investments in Series A stage with an average round size of $8.2M and 2 investments in Series B stage with an average round size of $12.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 3 |
Series B | 2 |
Note: We have considered here, only first round of investments
Phaze Ventures' Investments by Sector
Phaze Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Aerospace, Maritime and Defense Tech, Consumer, Energy Tech and Business Services. Notably, it has invested in 13 Tech companies, 11 Enterprise (B2B) companies, 7 Software companies and at least 4 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Aerospace, Maritime and Defense Tech | 2 |
Consumer | 2 |
Energy Tech | 2 |
Business Services | 1 |
Others | 12 |
Note: We have considered here, only first round of investments
Phaze Ventures' Investments by Geography
Phaze Ventures has made most investments in Oman (2), followed by United Arab Emirates where it has made 2 investments.Country | No. of Investments |
|---|---|
Oman | 2 |
United Arab Emirates | 2 |
United States | 2 |
Canada | 1 |
France | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Phaze Ventures' recent investments
Phaze Ventures has made 1 investments in 2026 so far - eMushrif.Here are the most recent investments by Phaze Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 12, 2026 | Oman | Series B | 4398 | [+3] | |
Sep 15, 2025 | - | Series B | 7895 | [+7] | |
Sep 2025 | United States | Series B | 3495 | [+7] | |
May 20, 2025 | United Arab Emirates | Series A | 9567 | [+4] | |
Jun 06, 2024 | United Arab Emirates | Seed | 4661 | [+5] |
Unicorns in Phaze Ventures' Portfolio
Phaze Ventures has 1 unicorn in its portfolio - Kavak. The most recent unicorn in their portfolio is Kavak which became a unicorn in 2020, 5 years before Phaze Ventures first invested in it.Here is a list of unicorns in Phaze Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Online retailer of certified pre-owned vehicles with financing and services | 2016 | Lerma de Villada | Series F | cpcgujo |
Acquired companies in Phaze Ventures' Portfolio
2 companies from Phaze Ventures' portfolio have been acquired. The most recent acquisition was Cyber Owl in Oct 2024 by DNV for $*****.Here are Phaze Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 02, 2024 | Sep 27, 2022 | Series A | 9923 | |
May 29, 2022 | Dec 15, 2021 | Seed | 1775 |
Team profile of Phaze Ventures
Phaze Ventures has a team of 13 members including 3 Partners and 1 Principal located in Oman and United Arab Emirates. Phaze Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Phaze Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Dubai | - | ||
Partner | Muscat | - | - | |
Partner | Oman | - | - | |
Principal | Oman | - | - |
Co-investors of Phaze Ventures
Over the past 7 years, 55 investors have co-invested in Phaze Ventures's portfolio companies. This includes funds and angels.
- Invested before Phaze Ventures: SoftBank Vision Fund, BlackRock and 16 others have invested in rounds before Phaze Ventures. There is 1 company where SoftBank Vision Fund has invested before Phaze Ventures and 1 company where BlackRock has invested before Phaze Ventures.
- Top Co-investors of Phaze Ventures: 28 investors entered a company along with Phaze Ventures. These include investors like Wamda Capital (4 companies).
- Invested after Phaze Ventures: A total of 9 investors have invested in Phaze Ventures's portfolio after their investments. Top Investors include Prosus (1 company), ScOp Venture Capital (1 company) and Flexport (1 company).
Recent News related to Phaze Ventures
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Clarity Secures $12M Funding to Expand AI Teams for Customer Experience PlatformMrWeb•Sep 16, 2025•Prosus, STV, Neo, Oraseya Capital and 8 others
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UAE's Tarjama Secures $15M in Series A FundingCairoScene•May 23, 2025•Tarjama, Global Ventures, Wamda Capital, Phaze Ventures and 3 others
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Tarjama Secures $15M in Series A FundingStartup Scene ME•May 23, 2025•Tarjama, Global Ventures, Wamda Capital, Phaze Ventures and 3 others
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Ukrainian VC Fund Invests $15M in Dubai-Based AI CompanyAIN.UA•May 23, 2025•TA Ventures, Tarjama, Wamda Capital, Phaze Ventures and 2 others
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UAE-based Tarjama raises $15m series A to scale Arabic.AITech in Asia•May 21, 2025•Tarjama, Global Ventures, Wamda Capital, TA Ventures and 3 others
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Dubai’s Tarjama raises $15 million to scale Arabic AI foundation model and agentic platformMENAbytes•May 21, 2025•Tarjama, Global Ventures, Wamda Capital, TA Ventures and 2 others
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qeen.ai raised $2.2 M Pre-seed funding from Wamda CapitalIncubees•Jun 06, 2024•Wamda Capital, Jabbar, Phaze Ventures, Eurekasweepers and 5 others
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Emerald marks first foray into carbon capture and storage with investment into SpotLightEmerald Technology Ventures•Aug 21, 2023•Emerald Technology Ventures, SpotLight, Industrya, Nabtesco Technology Ventures and 3 others
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Phaze Ventures, Microsoft enhance ties to support Oman startupsTrade Arabia•Jun 14, 2022•Microsoft, Phaze Ventures
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Voyager Portal Raises $8.4M in Series A FundingFinSMEs•Dec 02, 2021•Voyager, Phaze Ventures, ScOp Venture Capital, Flexport and 1 other
